Italian price probe

Italian price probe
Published: 15 May 2014

Tagged Under: Pricing Italy 

Italy's antitrust authority has launched an investigation into eight Italian producers and vendors to determine if they have colluded to restrict competition in the Veneto region.

SeeNews Italy reported that the watchdog on 13 May notified companies General Beton Triveneta, SuperBeton, Intermodale, Calcestruzzi Mosole, Jesolo Calcestruzzi, Ilsa Pacifici Remo, Calcestruzzi Dolomiti and F.lli Romor that they are being probed over possible efforts to coordinate offers, redistribute suppliers, monitor prices and volumes sold in order to keep their market share the way they had agreed.

The companies are suspected of having held regular meetings and exchanged sensitive data for the cement and concrete market in the Venice and Belluno provinces, the antitrust watchdog said. General Beton Triveneta, Superbeton, Calcestruzzi Mosole, Jesolo Calcestruzzi and Ilsa Pacifici Remo are suspected of having colluded for the Venice area market and Superbeton, Calcestruzzi Dolomiti and F.lli Romor for the Belluno area